In todays news...

[Yorick]

The BoE have hit 5%, that's going to sting in the morning.

Good news for us

[Yorick]

At least 30 migrants feared dead in Canary Islands disaster

https://www.bbc.com/news/world-65983001

There's deaths most weeks. Desperate to get away from Africa.

[Greenman]

Anyway...

Little—less—nothing!—and that ended it.
No more to build on there. And they, since they
Were not the one dead, turned to their affairs.

The BoE have hit 5%, that's going to sting in the morning.

As you have appointed yourself as my resident TRC mortgage advisor, can you advise as to why all these rates are rising soo much?

[Yorick]

Anyway...

Little—less—nothing!—and that ended it.
No more to build on there. And they, since they
Were not the one dead, turned to their affairs.

The BoE have hit 5%, that's going to sting in the morning.

As you have appointed yourself as my resident TRC mortgage advisor, can you advise as to why all these rates are rising soo much?

I'm not an expert, but I understand that banks now have to pay more to borrow the money that they lend out.

[Mr. Dazzle]

can you advise as to why all these rates are rising soo much?

It's to make you poorer, to help you.

No really, it is Not even joking.

[Yambo]

Turkish Central bank (with a new boss) has just raised interest rates to 15% from 8.5%.

£1 now at 31.25 and climbing (it was £1 = 30.07 this morning).

Be interesting to see how long Recep keeps Hafize Gaye Erkan in the job.

[Le_Fromage_Grande]

can you advise as to why all these rates are rising soo much?

It's to make you poorer, to help you.

No really, it is Not even joking.

The idea is that because you have less spare cash you'll spend less, demand for stuff goes down, so retailers put the price down so that you'll buy what they're selling, it really is pathetically simplistic.

[Screwdriver]

Anyway...

Little—less—nothing!—and that ended it.
No more to build on there. And they, since they
Were not the one dead, turned to their affairs.

The BoE have hit 5%, that's going to sting in the morning.

Wow. That is a verse!

Had to Google it but I am glad I did. https://poets.org/poem/out-out

[Count Steer]

Little—less—nothing!—and that ended it.
No more to build on there. And they, since they
Were not the one dead, turned to their affairs.

Well, well. I never expected anyone quoting my favourite poet on here.

Very apt.

[Ant]

Yesterdays chip paper is covered in beef dripping.....todays news is tomorrows chip paper, then it's in the bin.

[dern]

So you're not bothered a Dad will probably watch his son die or vice versa. That's a dreadful thing for any family to go through, especially the remaining family knowing that. Its a dreadful thing that any of them should have to see another human die in front of them. So yes I have sympathy.

I do too, just a lot less than I would if something happened to someone who didn’t elect to do something with a very high and very foreseeable level of danger. I would expect for anyone to have a disproportionate level of sympathy if I got killed on my bike after riding like a loon.

[Le_Fromage_Grande]

I predict that by the end of next week the jellyfish that is Rishi Sunak will have announced handouts for people struggling to pay their mortgage, something along the lines of "Homeowners Tax Allowance", it will be targeted at "hard working families", whoever they might be.

He will cave in due to light pressure from the Labour Party and BBC / Guardian, and defeat the whole reason for raising interest rates, not that I think raising interest rates will bring down inflation, it's being caused by pressure outside of the UKs control.

[Saga Lout]

... inflation, it's being caused by pressure outside of the UKs control.

"Outside pressure" may be a small part of it but the main driver of inflation is that the government spent money we didn't have.
Print too much money, get inflation. We've known this for years yet it still, apparently, takes governments by surprise.

[Ant]

Band of England, printing money, QE.....then guess what. Still, it'll be Truss's fault no doubt due to the budget which didn't come into fruition, then she went and it got worse....

[Count Steer]

I predict that by the end of next week the jellyfish that is Rishi Sunak will have announced handouts for people struggling to pay their mortgage, something along the lines of "Homeowners Tax Allowance", it will be targeted at "hard working families", whoever they might be.

I imagine there'll actually be options presented for people to go 'interest only'. That seems a reasonable solution.

[Bigjawa]

As someone who grew up where the damn thing is the biggest tourist attraction of all time, I can't get too excited about the whole submarine thing, its no different to all the yanks coming over to ooh and ahh over teacups and bits of metal salvaged off the thing. If one of them tripped and went under a bendy bus outside the exhibition, nobody would give a fuck, but submarines make news, even though as a species we have no real business being 12000 feet down. The whole set up seems to have been very shonky from the outset....

[Hoonercat]

Turkish Central bank (with a new boss) has just raised interest rates to 15% from 8.5%.

£1 now at 31.25 and climbing (it was £1 = 30.07 this morning).

Be interesting to see how long Recep keeps Hafize Gaye Erkan in the job.

According to the BBC, during his recent election campaign he promied to keep rates low, while the opposition said they would raise them. And we think the UK has problems wth lying politicians

[KungFooBob]

The Beeb are saying a debris field has been found in the search area.

[Cousin Jack]

Supposed to be a press conference at 8pm uk time. Also seems banging noises were likely natual sounds and not related. I think that basically all realistic hope is gone, no doubt the search will continue but without much hope.

[Screwdriver]

Some lighter news I thought was interesting.

Ancient bronze sword found in "as new" condition.

https://www-20min-ch.translate.goog/sto ... 1686941737